This is Episode 11 and all week we’re going to be talking about You. Self discipline, self worth, self confidence – anything that relates back to you, we’re going to start to dig down and find out how we can start to help you become a better person, make better decisions and ultimately, live a life that is congruent with what you want to achieve.

So today’s all about self discipline and basically, what that is, is being able to do what you need to do, whether you feel like it or not. A lot of people out there want to make choices and want to have the best life but they’re not prepared to do what’s needed to be done in those times.

What we’ve found is that most people adhere to the path of least resistance and that is, choosing the easiest way out – these are the people who fall for the get rich quick and the easy ideas. This is the majority of our population. On top of that they have what’s called the expediency factor which is where they have a lack of concern for the consequences of the decisions that they make. What I want to talk about now is that you are your biggest asset.

Your earning ability is the biggest thing that we can discuss here. You were put on this earth, even without a job, I want you to realise that you are your biggest asset.

There are two types of people. There are depreciating assets and there are appreciating assets. So appreciating assets are – as we get out markers here – if you are an appreciating asset you’re doing things like reading, you’re attending seminars, you’re seeking mentors, and you are learning. You’re going out of your way to make yourself better.

Then, on the other side of the coin – if we grab the red texta – are the depreciating assets. These are the kind of people who drink to excess, they watch too much TV, - they’re not interested in learning, and they’re basically self serving – they want to help themselves before they help anyone else.

What we’ve found is that we have the depreciating and the appreciating, there’s a 90 / 10 rule.

90% of the population are in the depreciating assets column. Over here on the appreciating assets column you’ve got 10%. So just by watching this video and making the conscious decision that you do want to join this 10% you’ve already elevated yourself, you’ve already made that conscious decision that you’re going to adhere to the 10% rule.

The second thing I want to explain to you is why this is important. As we move into the 21st century there are classrooms full of Indian and Chinese students who are desperate to learn and make something of their future, out of the poverty stricken world that they currently live in.

These type of people are very hungry for success and unless we manage ourselves and upskill, learn and read, and become better and more efficient workers, and actually have the drive to become better, we’re going to get overtaken.

The only thing that’s stopping us right now is time.

So unless we start to elevate ourselves into that 10%, we’re always going to have those problems of being out of a job, or blaming someone else, or not taking responsibility for ourselves. So I want you right now, to make that conscious decision that you’re going to move into that 10%. The next thing I want to talk about how self discipline relates to focus – and I’m just going to move this board over a little bit, hopefully you can see there.

What we’re going to do with focus is 1. Set out plan and 2. Set your priorities - that’s just basically having your plan and then breaking it down into manageable steps.

Then we’re going to set our priorities, 1 through to, I recommend 6, but it obviously depends on what the goal is and depending on how many there are – you don’t want to make it too many and just creating these ridiculous milestones. You want to have them so they are achievable but also going to drive you to push harder.

The third thing you’re going to do, after you’ve set the priorities, is to work 100% on your current goal until complete. If you can do this, if you can work 100% on one goal until it’s fully completed you can outwork any of your competition because 90% of people don’t even make it to this step. 90% of people can’t work on one thing, they don’t have enough focus to work on one thing at a time. They’re too busy, they’ve got the shiny object syndrome, I need to go grab this, I need to go grab that. But by sticking to one thing at a time you can make amazing progress and actually see a project out, from start to finish.

The fourth thing that you need to do after completing one thing from start to finish, all we need to do now, is simply repeat. Repeat the second priority, right through to completion. Then we go onto the third and complete that, and so on and so forth. I’ve got three things that I want you to try out this week. Basically, what I’m going to explain is I want you to have your dinner before your dessert.

What this means is you’re going to do the hardest task before you get to reward yourself. There’s a law, and this is the law of reaping and sowing which means before you reap you must sow. So basically before you achieve any sort of success you need to have put in the hard yards to reap what you have sown. This is the same principle as dinner before dessert.

I need you to work hard before you can expect amazing results. The second thing I want you to do is decide right now whether you’re going to adhere to the 90% rule and be a depreciating asset or if you’re going to move into the 10% and become a better person and start making wiser decisions.

The third thing you can do, to really elevate yourself, is to invest at least 3%, and this is the minimum – the 3% rule and I believe it goes up to 10%, that’s what I adhere to – is 3% of your income gets reinvested – and I did a blog post yesterday and it’s called The Money Mindset – 3% of your income should go back into learning resources. You should be investing in seminars.

You should be reading, buying books. You should be mentoring, hiring a coach, doing everything that you need to achieve what you need to achieve. Seek out those who have already done it and ask them for advice.

They’re more than happy, especially if you’re paying for that advice, to show your appreciation for it, and investing in yourself, you’ll find that the results will come, so 3 – 10% need to go back to this. So if you’re earning $100,000, that’s only $3,000 every year that you need to be putting into something proactive. The higher you can make that 3% - up to about 10% is a good threshold – the higher that you can make that, elevates the results that you can get. I hope this has been helpful.

Any questions, jump over to haydenwilson.com.au or of course, chuck them in the chat box on the side.

Thank you for watching Learn Share Grow.

Tomorrow we’ll have more about You. I love learning and sharing, so if you have any comments or questions, please feel free.

Otherwise, I would love it if you could share this video with anyone you think could benefits from some of these self discipline practices and the advice that I’m giving out.